For Sale Multi-Family MLS# IV26196373

1142 N Mayfair Avenue

Anaheim, CA 92801

$2,299,000

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About 1142 N Mayfair Avenue

Affordable & Well maintained 6 Units with Amenities that generates stable income with room to increase the rents. Located in a well-established residential neighborhood, the property provides stable rental income and long-term investment potential in one of Orange County's strongest multifamily markets. Ideally located in central Anaheim, the property offers convenient access to I-5 Fwy (± 1.5 miles), 91 Fwy (±2.5 miles), and the 57 Fwy (±4.5 miles), providing excellent connectivity throughout Orange County and the greater Los Angeles area. The property's central location places residents just minutes from many of Anaheim's most popular destinations, including the Anaheim Packing District and Downtown Anaheim (both approximately ±3.5 miles), Disneyland Resort and Downtown Disney District (±4.5 miles), Anaheim GardenWalk (±4.8 miles), Knott's Berry Farm (±5.0 miles), Angel Stadium (±5.5 miles), Honda Center (±5.8 miles), Cal State Fullerton (±6.5 miles), and The Outlets at Orange (±7.0 miles). Surrounded by shopping, dining, schools, parks, and major employment centers, the property benefits from strong rental demand and an exceptional central location, making it an attractive investment opportunity with long-term growth potential. Additionally, it's less than a quarter mile from the Anaheim Regional Medical Center, a 228-bed Hospital with 24 hrs. Emergency Room. Long-Term Tenancy -Many residents have occupied their units for more than ten years, suggesting stable occupancy but also indicating that rents may be significantly below current market levels. Utility Structure - Residents pay their own gas and electricity through separately metered services, limiting owner operating expenses. All Units are 2 Bedrooms and 1 Bath with laundry hook-ups in each, and covered carports for private parking in the rear of the property. There is also plentiful street parking. You can purchase this in conjunction with the neighboring property, 1138 N. Mayfair Ave.

Property details

Property

Type
Multi Family
MLS type
Multi Family Home
Status
Active
Year built
1957
Stories
2
Living area
5,029 sqft
Price / sqft
$457
Lot
0.1973
Original price
$2,299,000
MLS #
IV26196373

Interior

Laundry
Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior & lot

Features
Parking spaces: 6
Construction
2
Fence
Wrought Iron

Schools

District
Anaheim Union High School District

Utilities

Utilities
Public, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water
Public
Security
Carbon Monoxide Detector(s), Smoke Detector(s)

Financial

Parcel
27102202
Special conditions
Standard

Location

Area
79 - Anaheim West of Harbor
County
Orange
Directions
From 91 fwy, exit Harbor Blvd., go south on Harbor Blvd., go west on La Palma, and north on Mayfair Ave.

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Listed by GURJEET BHATIA, Acreage Real Estate

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.